Implementation of a new software system from Oracle has negatively impacted Mr Price Group’s full-year results.
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Mr Price Group reported a 64.1% increase in full-year online sales, with the same figure from its core apparel and sports brands more than doubling in the same period.
Mr Price said on Monday that it has reached an agreement to buy 100% of Yuppiechef, an “omnichannel” retail business focused on kitchenware, for about R470-million in cash.